Blockchain data provider Allium raises $40M in funding

Allium Inc., a startup that provides financial institutions with data about the cryptocurrency market, has raised $40 million in funding.

Amplify Partners led the Series A round. Allium stated in its announcement of the deal today that Kleiner Perkins and Theory Ventures participated as well. The raise follows two years in which the company’s revenue grew more than tenfold.

Allium operates a cloud platform that aggregates transaction data from more than 150 blockchains. The company makes the information it collects available to banks, government agencies and financial technology startups through a half-dozen services optimized for different use cases.

A service called the Allium Terminal enables financial professionals to retrieve data about individual blockchain transactions. It also provides higher-level information such as a cryptocurrency’s largest holders, market capitalization and annual trading volume. Financial institutions can use Allium Terminal to inform their investment plans.

Customers who require the ability to run queries on the company’s blockchain data can do so using a product called Explorer. According to Allium, the tool organizes blockchain logs into a standardized format to ease analysis. Users can write queries in SQL and turn the results into visual dashboards.

Organizations working on more advanced analytics projects can use another Allium service, Datashares, to move blockchain logs to an external cloud data platform. Streamlining large datasets usually requires developers to build custom ETL, or extract, transform and load, workflows. Allium says that Datashares automates the task.

The company’s other services are designed to help customers incorporate blockchain records into their own software. A crypto wallet provider, for example, can use Allium’s data to build a dashboard that displays the current value of customers’ crypto holdings. 

Some applications pull specific blockchain information on demand in response to user requests. Others, such as market tracking tools, require a continuous stream of data. Allium says that its cloud services both address use cases. The company delivers data in near real-time and enables developers to filter the information with scripts before loading it into their application.

Earlier this year, Allium expanded its product portfolio with a tool called Allium AgentHub. It enables artificial intelligence agents to access crypto market information via an MCP server. They can describe the data that Allium should retrieve in natural language, which removes the need to generate complex SQL queries. 

“As finance moves onchain, there’s still no shared, institutional-grade system of record, leaving institutions operating at scale without a reliable source of truth,” said Allium co-founder and Chief Executive Officer Ethan Chan (pictured, left, with co-founder Cheng Han Lee). “We’re building the foundation that brings institutional-grade reliability and standardization to on-chain finance.”

Allium will use the capital to grow its engineering and go-to-market teams. 

Photo: Allium